Opeyemi Quadri 
The ban on cryptocurrency by the Central Bank of Nigeria (CBN) on February 5, 2021, gave millions of Nigerians the push to further explore the financial possibilities of digital currencies. Although cryptocurrency which is backed by blockchain technology has been in existence since 2009, when the unknown Satoshi Nakamoto claimed to have invented it, the … Read more
The gorgeous sights are not the only reason to pack your bags and move out of the city for a more peaceful environment. Living in the mountains can improve your overall well-being and provide you with access to fresh air and the beauty of nature 24/7. For an investor who wants to take time out … Read more
After the long wait, the organisers of the 2021 Gulder Ultimate Search released the names of 18 contestants who will be taken to the jungle to “fight” over the N50 Million worth of grand prize. While 16 names were unveiled in September, two more applicants Osasere Agbonile and Odudu Otu were voted in by viewers, … Read more
Any investor in the United States, Germany, and Italy among other advanced economies who wishes to their business to Africa, will most likely put Nigeria on their list despite many challenges confronting the country. Summary: Nigeria has a large and ever growing market, availability of hydrocarbon resources, and commendable FDI policy, yet poorly developed transport … Read more
On September 24,2021, eToro, a global multi-asset investment platform, announced the launching of a Decentralized Finance (DeFi) portfolio that put financial services on the blockchain. Since its founding in 2007, the innovations by the socio-crypto trading platform has been outstanding, the question we don’t always ask is: who is the brain behind the success stories of … Read more
Some years back, an investor had to locate a stockbroker, fill out forms, and wait till the end of the financial year to receive dividends which were usually delivered through the postal service. It was even more difficult to invest in foreign stock back then. Today, that has changed, FinTech has simplified foreign investments and … Read more
On August 31, the Central Bank of Nigeria (CBN) said it discovered some Nigerians who bought forex for Personal Travel Allowance (PTA ) and Business Travel Allowance (BTA) with fake visas at designated banks, a practice that could lead to the blockage of account details of such defaulters or face prosecution. The apex bank immediately … Read more
Clearing and forwarding companies can’t be neglected in the supply chain of goods across the border. As such exporters and importers can’t do without them. They play a critical role in the shipping industry. In Nigeria for instance, a clearing and forwarding company or agent must be registered by the Nigeria Ports Authority (NPA). In … Read more
On June 23, 2015, less than a month after Muhammadu Buhari took an oath of office as Nigeria’s president, the Central Bank of Nigeria (CBN) blocked some items from accessing foreign exchange at the official market. And on May 06, 2021, the CBN insisted that it would continue to block the importation of maize into … Read more
Export prohibition items are products and goods that are legally banned from being transported outside the country of jurisdiction. In international trade, a supplier or seller must be guided by trade and export laws in their country of residence and the destination country of goods. In Nigeria for instance, some goods are banned from being … Read more
In international trade, some items cannot be imported from the producing country to another, Nigeria is no exception. There are some goods that are on the list of the Nigeria Customs Service, a security agency of the government that monitors the movement of goods into and out of the country, which is popularly called contraband. … Read more
Logistics is key to a successful export business that’s why it’s very important to understand the delivery process. You may have great orders from prospective buyers coming in every week from around the world, a poor delivery could hinder your effort. In the exporting process, you must understand the roles of the major players for the … Read more
There are in the export of products and goods from Nigeria, the way it is other countries, to another country. One, the exported products must not be on the prohibited list; 2) they must comply with international standards; 3) they must also comply with the specifications of the buyer. Having meant all the conditions above, … Read more
In 2019, ginger export brought in $10.4million for Nigeria. In this guide, we’ll show you at least 30 countries where you can find international buyers for ginger which is also known as chita in the North. Apart from its medicinal use, ginger is used for spices and the demand for it in the international continues … Read more
There are speculations that the Central Bank of Nigeria (CBN) might pounce on foreign currencies in domiciliary accounts and convert such to naira in order to stabilise the foreign market. The rumour first surfaced on social media that the apex would be converting to naira domiciliary account holdings How True Is This Report? The same … Read more